Great Atlantic Resources Corp.: $300,000 Private Placement Announced
(via Thenewswire.ca)
VANCOUVER, British Columbia - October 5, 2012 - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) is pleased to announce that it has negotiated a non-brokered private placement of up to 3,000,000 units at a price of $0.10 per unit in the capital stock for total gross proceeds of up to $300,000. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional share of the Company at a price of $0.12 per share for a period of eighteen months from the closing date of the private placement. Closing of this placement is conditional upon approval of the TSX Venture Exchange. A finder's fee of up to 8% may be payable.
About Great Atlantic Resources Corp:
Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral deposits in Atlantic Canada which is a sovereign risk free domain. Recently New Brunswick was announced as the number one mining region in the world. Great Atlantic has assembled the A-team of explorers in the region with decades of experience and known track records for discoveries. Currently the company is propelling forward under a project generation model with a focus on Antimony, Tungsten and Gold.
On Behalf of the board of directors
"Chris Anderson"
Christopher R Anderson,
CEO - President 604 488-3900
Read about Great Atlantic Resources Corp.: http://greatatlanticresources.com/corporate-overview/
Read Disclaimer: http://greatatlanticresources.com/legal-disclaimer/
Facebook: http://facebook.com/GreatAtlanticResources | Twitter: @GreatAtlRes |
Suite 888 - 888 Dunsmuir Street Vancouver, B.C., V6C 3K4
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